April 19, 2024
Making Sense of Why FIs Are Tokenizing Real-World Assets
The tokenization of real-world assets (RWA) is emerging as more than just a token exercise. It’s another function of the blockchain landscape that has captured the imagination of various players...
April 18, 2024
WorldFirst Launches Cross-Border Payment Solution for B2B Trade
Digital payments platform WorldFirst has debuted a solution to help small businesses speed cross-border payments. WorldTrade, announced Thursday (April 18), is aimed at small and medium-sized enterprises (SMEs) that procure products from suppliers based...
April 18, 2024
Revolut Invests $100 Million in Mexico as Remittances Jump
Revolut has reportedly made a $100 million-plus bet on Mexico’s remittance market. Speaking with Reuters Wednesday (April 17), Revolut Mexico CEO Juan Miguel Guerra said the bulk of that investment...
April 17, 2024
PayPal Leads $19 Million Series A for B2B Card Platform...
B2B credit card platform Pliant is planning to expand after raising $19 million. The funding round, announced Wednesday (April 17) was led by PayPal Ventures and brings the Berlin-based Pliant’s total Series A financing to...
April 17, 2024
MUFG Bank and Crédit Agricole Complete First ISO 20022-Aligned Payment...
The first payment in the ISO 20022 message format on the CHIPS network was completed by Japanese financial institution MUFG Bank and European financial institution Crédit Agricole Corporate & Investment Bank, The Clearing House said in a Wednesday...
April 17, 2024
43% of eCommerce Execs Say Two-Factor Authentication Can Mitigate Fraud
It’s imperative for eCommerce merchants serving international markets to be able to complete frictionless cross-border transactions. However, since these merchants must also fend off fraudsters, they must find and employ...
April 16, 2024
Money Transfer Firm Wise Reports 29% Growth in Active Users
Money transfer firm Wise saw its number of active customers grow 29% year over year during the fourth quarter of fiscal year 2024. That growth brought its total number of active customers...
April 15, 2024
Solving the Buy-Build-Partner Equation For Cross-Border Payments
It’s a big world, but ongoing cross-border payments advances are helping make it smaller. That’s because, with the recent news that HighRadius has launched a B2B payments platform designed to improve payment processes across...
April 15, 2024
Bank of England Seeks Input on Retail, Wholesale Payments Technology
The Bank of England is studying the use of new technologies to enhance both retail and wholesale payments functionality. While the central bank has been focused on establishing regulatory regimes for the...
The Ten Second Rule: EU Mandates Instant Payments Availability
Real-time payments in the EU are on the verge of achieving their instantaneous promise, with a new rule from the European Council requiring instant fund transfers to be available within 10 seconds. In this edition of the “Real-Time Payments World Map,” a collaboration with The Clearing House, PYMNTS explores this development along with other advancements unfolding across the global real-time payments landscape.
Failed Cross-Border Payments Cost US Merchants an Estimated $3.8B
Many eCommerce merchants in the United States seek growth in international markets but encounter significant friction in cross-border transactions. PYMNTS Intelligence’s latest study, “Cross-Border Sales and the Challenge of Failed Payments,” a collaboration with Nuvei, draws on insights from 300 executives to identify the key challenges of cross-border payments and how to solve them.